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Bloomberg Commodities index

9 Oct 2020 ‚óŹ 02:55 PM

The Blomberg commodities index weekly chart is very clear on one thing. WAve 2 down done and wave 3 up starting. Interestingly, after that small A-B-C correction we are at new highs in the index in wave 3. Now wave 1 was 26% in size so wave 3=1=26% in size and that is a long way. Use a rising channel or a % move or both to set the path going forward. Its time for commodities to take off.

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